Filipino energy secretary Alfonso Cusi has euphemistically admitted that the suspension of four commissioners of the Energy Regulatory Commission (ERC) may cause delays in power projects, while the already inert solar industry has seen conditions go from bad to worse.
Yes Bank, India’s fifth largest private sector bank, has said it will mobilise US$1 billion of financing for solar projects in India up to 2023 and US$5 billion up to 2030, while at the International Solar Alliance (ISA) conference organised at World Future Energy Summit 2018 in Abu Dhabi.
Solar Energy Corporation of India (SECI) could auction a solar park of 1,050MW capacity in the state of Madhya Pradesh, from which Indian Railways plans to purchase the power generated.
Ministry of New and Renewable Energy (MNRE) plans INR234.5 billion in financial support for Discoms to drive rooftop solar, The Indian government has taken remedial action on its solar import trouble at ports.
Rays Future Energy, a rooftop PV and open access-focused subsidiary of Indian solar EPC Rays Power Infra, is executing 60MW of solar capacity under open access in Karnataka.
The European Investment Bank (EIB) and India-based Yes Bank are supporting Indian solar and wind projects with a new US$400 million co-financing initiative.
Aiming to make its local solar manufacturers competitive on the global stage, the Indian government has proposed direct financial support of INR110 billion (US$1.7 billion) and a 12GW allocation of public sector tenders mandated to include locally sourced PV equipment.
